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Zimbabwe Becomes Beijing's First African Colony With Adoption Of Chinese Yuan
To say that Zimbabwe has not had much luck with its monetary system experiments, would be an understatement.
After its disastrous adventures with hyperinflation denominated in its own currency...
... Zimbabwe decided to entirely abandon its reserve currency and shift to the dollar.
As we reported over the summer, the Zimbabwe Central bank completely "demonetized" the old Zimbabwe Dollar which would be removed as legal tender after the currency’s use was abandoned in 2009 following a surge in inflation to 500 billion percent. To do this, the bank would exchange up to 175 quadrillion Zimbabwe dollars for $5 US dollars, the country’s central bank said.
Which, as we admitted then, surprised us for three reasons.
First, as noted in 2011, in a stunning example of irony, Zimbabwe cult central banker Gideon Gono made it clear he wishes to avoid another episode of transplant currency hyperinflation courtesy of his counterpart in the Marriner Eccles building and "warned that Zimbabwe’s nascent economic recovery is at the mercy of the United States dollar, which is facing new pressures from the Euro-zone debt crisis." Yes, Zimbabwe was bashing the US Dollar.
Gono said Zimbabwe should in be looking to the Chinese yuan as its main currency, while urgently seeking to restore its own currency which was abandoned in 2009 after a dramatic loss of its value. Amusingly, he said that "with the continuous firming of the Chinese yuan, the US dollar is fast ceasing to be the world's reserve currency and the Euro-Zone debt crisis has made things even worse." And the terminal slap in the face of all that is American: "As a country, we still have the opportunity to avoid being caught napping by adopting the Chinese yuan as part of consolidating the country's look East policy."
Second, as further reported early in 2015, China decided to reciprocate Zimbabwe's diplomatic overtures, by taking a special interest in the south African nation bordering the gold and diamond rich Republic of South Africa. It did so by announcing it planned to set up a modern high-tech military base in Zimbabwe's diamond-rich Marange fields.
The news of the agreement to set up the first Chinese military airbase in Africa comes amid increasing bilateral cooperation between Zimbabwe and China – notably in mining, agriculture and preferential trade. China is the only country exempted from the indigenisation laws which force all foreign investors to cede 51% of their shareholding to carefully selected indigenous Zimbabweans.
China could be positioning itself for future “gunboat diplomacy” where its military presence would give it bargaining power against superpowers like the US. It would also be safeguarding its significant economic interests in Zimbabwe and the rest of Africa.
The third, and most important reason, is that according to leaked confidential Central Intelligence Organisation documents suggested that China had played a central role in retaining President Robert Mugabe in the country's most recent elections, indicating that high level military officers had worked closely with the local army in poll strategies while Beijing bankrolled the ruling party, Zanu (PF).
The new Chinese Ambassador to Zimbabwe, Lin Lin, recently said trade between the two countries last year exceeded the $1 billion mark. Yet Zimbabwe is only 26th on the list of China’s 58 biggest African trading partners.
The Asian country has supplied Zimbabwe with military hardware, including MIG jet fighters, tanks, armoured vehicles and rifles, since Independence. In other words, while nobody was looking, China just took over one more nation without spilling a drop of blood.
And then, on Monday, all of our confusion was laid to rest when Zimbabwe announced that this small, economically devastated country would officially make the Chinese Yuan its legal tender as it seeks to increase trade with Beijing. In exchange for becoming not only a military but also financial colony of China, $40 million of its debts to Beijing would be canceled.
China was delighted it cost it only a $40 million debt write off to acquire its first official African colony.
China says Zimbabwe’s adoption of yuan as legal tender will facilitate country’s economic & social development, boost China-Zimbabwe ties
— CCTVNEWS (@cctvnews) December 23, 2015
"They (China) said they are cancelling our debts that are maturing this year and we are in the process of finalising the debt instruments and calculating the debts," Minister Patrick Chinamasa said in a statement, cited by AP.
Chinamasa also announced that Zimbabwe will officially make the Chinese yuan legal tender as it seeks to increase trade with Beijing. It then started using a slew of foreign currencies, including the US dollar and the South African rand.
The yuan was later added to the basket of the foreign currencies, but its use had not been approved yet for public transactions in the market dominated by the greenback.
Use of the yuan "will be a function of trade between China and Zimbabwe and acceptability with customers in Zimbabwe," the minister said.
Zimbabwe's central bank chief John Mangudya was in negotiations with the People's Bank of China "to see whether we can enhance its usage here," said Chinamasa.
As the Star adds, "the Chinese are determined to make their currency as prestigious as possible and this is a cheap way for them to be able to claim that their currency is becoming more internationally accepted — it’s now legal tender in another country."
Adoption by a struggling economy has been a privilege previously reserved for the U.S. dollar, which is officially used by almost a dozen other countries. While the yuan circulates unofficially in some countries that neighbour China, Cohen said Zimbabwe’s official adoption is a major step toward making a claim to be on par with the dollar.
To be sure, there are problems which come with adopting foreign currencies over which one has no control, as Greece will eagerly admit:
But taking on a foreign currency is much easier than weaning yourself off it, Cohen said, pointing to Greece, which could benefit from being able to devalue its own currency to make their economy more competitive.
“Adopting a foreign currency can put a lid on hyperinflation,” he said. “But it’s very difficult to reverse the process.”
To be sure, Zimbabwe's handover of monetary and military sovereignty to China is not surprising: after all the world's most populous nation is the country's biggest trading partner following Zimbabwe's isolation by its former Western trading partners over Harare's human rights record. In reaction veteran President Robert Mugabe adopted a "look East policy", forging new alliances with eastern Asian countries and buttressing existing ones.
In early December, Chinese President Xi Jinping stopped over in Zimbabwe in a rare trip by a world leader to the country, and presided over the signing of various agreements, mainly to upgrade and rebuild Zimbabwe's infrastructure such as power stations.
And while Zimbabwe may be the first official Chinese colony in Africa, it will hardly be its last. Recall that as we reported yesterday, the bulk of Africa's formerly prosperous if corrupt oil exporters have found themselves in a state of petrodollar collapse, and as the central banks of countries from Nigeria, to Angola, to Ethiopia, to Mozambqique scramble to defend their currencies and avoid hyperinflation, they have stopped the circulation of US dollars in their economies, leading to an accelerated economic collapse.
Which is great news for Beijing: once all these oil-rich economies unravel, who do you think will be just waiting there, ready to pick up the pieces and happy to provide these countries with generous servings of its own, recently SDR-ed currency?
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They kicked out the white man.... now they bow to the Chinaman.
Looks like time for green shoots in Zimbabwe
Something tells me that immigration is going to be a one way street.
China can have it.
25 years from now this will be a brilliant move.
2.5 years perhaps.
Brilliant move by China: a super cheap way to learnhow to internationalize the Yuan
European and I'm a Putin
At the top (ultra rich or 0.01% american) or at the bottom (FSA or Zimbabwe) both are out of control. And in USA or Zimbabwe middle class is being eliminated. wtf.
Is Zimbabwe going to allow some Chinese farmers to come in and unfuck their agriculture industry?
Will the Chinese force them to end their policy of white genocide?
Not force them to end it, but rather provide an alternative target for their ire once Uncle Xi's largesse thins out and his segregationist-minded minions wear out their welcome.
So.....semi long Monsanto in Black Africa divisions?
Only if the PRC buys up Monsanto for their intellectual property.
The difference is, when the black man starts to kill the yellow man in Zimbabwe, the Chinese military will invade (covertly, then overtly) and simply exterminate the blacks wholesale.
They will keep it out of the news until the process is well along. Eventually the western media will discover what is happening-- only because it will be too obvious to ignore-- and will engage in the usual hand-wringing exercises. China will be "strongly condemned", and economic sanctions will be bruited for a little while.
Then the matter will be forgotten.
To all of you:
Nope. The Chinese will simply starve them to death. It is more clear (less dirty) way.
IMHO, the Chinese will avoid situations where they have be go rough. This means no Chinese farmers on African soil.
I disagree. Zimbabwe's agriculture is on the rocks since they kicked the Rhodesians out.
They will send in ag experts, who will become plantation owners. The PRC military and their new sepoys will keep the natives in line.
If this works out...can we invite them to the US next??
I say NO. Zimbabwe will be a factory for china with out any rules and safety regulations for the next 25 years.
Chinese factories have safety regs? Wow. I didn't know. Next you'll be telling me they don't use forced labour. /nosarc
Chinamasa. China Masa. Awesome.
I saw that too.
The Onion merely immitates real life.
hmmmm...I guess my comment from yesterday's article about Africa running out of dollars was a close call.
http://www.zerohedge.com/news/2015-12-23/dollar-shortage-has-arrived-afr...
..."I guess these countries are too scared that the Freedom Bombs would reign down upon them like in Libya, Syria, Iraq, etc. if they ever decided to kick the fucking central banksters out and started using a sound monetary system, ay?
I wonder if China will be willing to defend these countries militarily at some point as they expand the yuan throughout Africa and eventually back it with a percentage of their huge gold stash?"
China has an endless supply of boots on the ground. Bomb all you want, they'll make more.
PAYING economic powerhouse Zimbabwe to use it is a super cheap way of internationalization?
And it is not an exclusive franchise. The USD and ZAR are in that club FOR FREE.
Mugabe, you are a cheap whore! Allow me to repeat that: Mugabe, you are a CHEAP WHORE!
The chinks have been working the Black Africa for quite some time.
Whether they end up in the Dutch/ French/ Belgian/ German/ British colony quagmire will be interesting to watch.
You use the word "chinks" for Chinese why not use the equal pejorative for "the black africa"?
It's Kwanzaa.
http://www.officialkwanzaawebsite.org/index.shtml
I thought that Black Africa was a pejorative.
And according to their history, The Chinese peoples are ChiCom in name only.
I mentioned this on 16 Nov here at ZH........http://www.zerohedge.com/news/2015-11-15/imf-greenlights-addition-chines...
Zimbabwe already had multiple currebcies but now it is kind of formalising the yuan and is relieving the USD from such a heavy responsibility! :) (rather kicking the USD out as 2015 slides into history).
USD is losing a battle worldwide from Angola to Russia to Iran to Zimbabwe to Venezuela and many more nations who are choosing the yuan and dropping the USD for trade, reserves, investments etc!
The main decision has to be made by Saudi/OPEC and that day should come any time (sooner they do it, better it will be for them, because at least they will get to keep their reserves else in 2 years the reserves will be gone and the currency will need to be depegged from the USD anyways) who have to choose yuan instead of USD for sale of oil!
I predict this to occur latest within 2 years but ideally should be done immediately if the Govts of oil producing nations will listen to my advice!
I dislike the headline of this post. Zimbabwe does not become a Chinese colony. It is the way of the future as China ascends the global throne. Does it mean that Tanzania and Iraq and so many others (almost the entire world) uses USD so they are US colonies?
No, this is a way of life. People and countries use whatever is easy and useful for others to accept.
It is like, people use Skype as most common denominator to talk online because not everyone has Viber, IMO, Talkray, Facetime. Line etc. Hence Skype is used because maximum number of people use it so it is convenient and hence creates additional demand. Currency is the same. whatever is most convenient, people will use the same.
Now USD is losing it's lustre and the new tool (yuan) instead of letters, email, then Skype..... is coming to life!
Hmm, so yer saying there's no future in BetaMax™?!
But what do you think about Yuan role as reserve ? I mean we've all seen mckinsey and goldman sachs report showing Trade settlement will be increasing in Yuan year after year but after Yuan's inclsuion in SDR , yuan role as reserves is nowhere. Till date only 2% of reserves are being kept in Yuan by i don't know how many countries but meanwhile US dollar is kept as reserve by more than 130 nations. Your thoughts ?
Hi Max,
Reserve curency is nice to have not a must have. It is a consequence of the demand for yuan itself.
Trade and investment opportunities and free flows determine who is strong and stable due to higher demand (as I explained above about Skype) that is more important. Reserves become an outcome of the above.
For example, if a person in Brazil or Nigeria needs to make a remittance in Yuan to China for payment then he/she will approach the bank in their country who must have the infrastructure and mechanisms to open an account for that client. After a/c is operational, the bank must have the capability through their central bank to exchange into yuan from their local currency into yuan (for which only their Central bank holding yuan is very important not the central bank of another country) and then finally to arrange that remittance to China.
This infrastructure is being put into place and close to 100 countries are able to do it except US.
At this point over 60 countries hold yuan in reserves as this infrastructure is put into place and trade continues to rise. http://uk.reuters.com/article/us-markets-forex-yuan-idUKKBN0LT1V02015022...
It does not matter what the 3% settlement in global terms is. What matters is that how much trade with China is being settled in yuan. That number is now reaching close to 50% (my estimate is between 35-40% in 2015. http://uk.reuters.com/article/uk-china-yuan-offshore-idUKKBN0MM0EL201503...
Because yuan settlement cannot YET be done between say Saudi and South Africa for their trade. Once the demand for yuan is global, then these 2 countries could also accept yuan. This is what I am waiting for, when Saudi/OPEC start to accept yuan in lieu of oil.
Trade underpins demand for yuan, next step is setting up a settlement system which is also being rapidly put into place, as settlements and reserves and thus demand for yuan rises, the reserves wil also follow automatically.
Yuan's rise will be gradual every year not a rapid ascent. It has been happening for the last 10 years and will slowly increase over the next 10 years as more and more countries are forced (not by China but by the reality that the yuan is acceptable for trade and oil and such by so many countries due to fundamental demand) to hold more and more yuan every passing day/month/year.
Art imitates life.
Countdown to the hundred trillion yuan note in 5.....4.....3......2.....1.....
Funny...something keeps bringing "Confessions of an Economic Hitman" to mind.
Hey, look, my avatar.
I don't get it? The blacks despise the Chinks more than Uncle Tom. I do not see this playing out well for China.
Hey.... didnt USA do that to puerto rico and guam?
Yes. But I think Puerto Rico is about to do it back.
a, not the
Looks like Zimbabwe suddenly needs some FREEDOM.
https://www.youtube.com/watch?v=7R5A0pg4oN8
People of Zimbabwe! You lost your country due to your leader! You were given no choice to where your country was led! But do not feel like you have failed. How can you feel like you did well? Just look west to the US. The definition of irony.
Oh boy, are they are ever going to be pining away for Ian Smith.
As I recall old Bob Mugabe had already signed over like 90% of arable land to Qudaffi in exchange for oil supplies.
I think Hitlery cancelled that deal with a very peaceful and well thought out diplomatic assassination.
1) Gold
2) Bitcoin
Both
Both is right. I'm more heavily invested in the historical value storage, but BitCoin is a lot easier to spend online and serves a similar, albeit not proven, function.
Horses for courses. Tools in a toolbox. Clothes for the weather.
It seems to me they represent different things. If you are staying put in a country you want PMs. If you plan on speculating or fleeing your current country you want bit coins which I personally would sell once I got to my final destination to buy PMs until such time as sanity and rule of law returns. Since that last one could be awhile my third investment strategy is crates of Snickers bars.
Meh, booze ages better than Snickers™ candy!
Nice roster.
China
Tibet (by force)
Now Ebony Inflationland
....super
http://europe.newsweek.com/islam-most-popular-religion-young-chinese-329967
http://www.aljazeera.com/news/2015/06/china-bans-ramadan-fasting-muslim-...
http://www.blindspotreport.com/china-declares-all-out-war-on-islam/
If The Chinese tribes don't take them down, the Mohammedans will.
Hubris noun
1. excessive pride or self-confidence; arrogance.I expect this to be very entertaining since the Chinese are going to discover the true honesty and integrity of Robert Mugabe......
Give me control of a nations money supply...... parts of him were found in a ditch...
.......wait just one cotton pickin minute.......
Is this why china is moving all the farmers to the city (upgrading them to middle class)? So the Z farmer can take his place and everyone gets a promotion?
win-win
Zim's problem is that is DOESN'T HAVE any farmers. They kicked the only competent ones out and now are on the verge of starvation; barely being kept afloat by South Africa. If anything Zimbabwe will import Chinese farmers to replace the white ones they kicked out/murdered.
Trump removed from ballots in 5 key states. If this is true...
http://christiantimesnewspaper.com/breaking-five-states-remove-trump-fro...
more here:
http://yournewswire.com/donald-trump-removed-from-gop-primary-ballot-in-...
From WMUR:
A former chairman of the New Hampshire Republican Party says Donald Trump should not be on the Republican presidential primary ballot on Feb. 9 because the GOP frontrunner has not proven he is a registered Republican and has expressed views “inconsistent” with the state and national party’s platform and by laws.
Fergus Cullen, who chaired the NHGOP in 2007 and 2008, filed a complaint on Monday with the state Ballot Law Commission, which will take up the matter, along with three other complaints focused on other candidates, beginning Tuesday morning.
According to the Christian Times Newspaper’s sources in Iowa, election officials moved to strike Trump’s name from the Hawkeye State’s ballot after his most recent comments about Hillary Clinton at last Saturday night’s Democratic debate.
“Precedent has shown that we can remove non-Republicans from the ballot if we feel that he or she is not best representing the party,” the source told us. “Donald Trump is not a Republican, and he certainly is not best representing the party, so it is time for the party to act.”
It is unclear whether Trump’s removal from these ballots is motivated by the Republican National Committee in D.C, who would much rather see Jeb Bush or Marco Rubio receive the nomination, but the fact that Trump was removed from these ballots in the SAME DAY speaks volumes.
Christian Times Newspaper is told that the Trump campaign should be launching a legal defense to reinstate his name on the ballot.
This article discusses an attempt made one month ago to remove him from the ballot, which (as the article states) was thrown out, being wholly without merit.
Yesterday's "breaking" Christian Times article has ZERO attributed facts, but is put out there as "we have learned" without bothering to cite a single source. Not even the author is named in the by-line, but simply labeled as "admin1."
Now, I have no doubt that the GOP would like to do this, but until I hear Trump go full-retard in response to it, there's no way it's anything but pure BS. I simply can't imagine anyone stupid enough to try and beat Trump in this manner, as it will not work.
IMO, this "news" is nothing but another Bushie (et al.) psyop, trying to convince people that Trump is unelectable in the end.
After I dug into it, the complaint was indeed shot down in NH in less than 5 minutes a month ago. I see Bush ads running constantly here in the NE and am wary of both the bush and clinton camps pulling shit like this. The veracity of the story needs more verification and like you say, Donald will in no uncertain terms let everyone know what happened if anything.
When he was in Worcester MA, he was introduced by the Reoublican party. The party was all about him. What do Abe Lincoln, Ronald Reagan, and Donald Trump have in common?
Not true. Aside from anything it would guarantee Trump would go third party and the action of removing him from the ballot would attract even more support for Trump.
The net result would be that the GOP would be dead as a party and a huge number of GOP candidates throughout the country hoping to get in on their presidential nominees coattails would miss out.
It's about time the Chinese got the colonial ball/vassal state gig rolling. US, exit stage right, even.
feels the same as taking a big shit---getting rid of the "colonial" baggage----just saying
Love the art work on the Trillion bill. 3 rocks stacked. That really is the epogy of African culture. Their Notre Dame.
Charlie Brown: "I got a rock."
See Some Rocks Stack Some Rocks
Some say Great Zimbabwe was the home of Enki, the god who created human beings.
Encke is also the name of the remnant of the Taurid meteor complex, a former centaur that broke up and nearly annihilated humanity 13000 years ago. Same as it ever was...
If you like your rocks you can keep your rocks. Unless you have more rocks then someone else, then we need to take some of your rocks and re-distribute them. And if your rocks have too many pointy edges we will call them assault rocks and restrict your access to them.
Well, they're 2 up on the mohammedans who have only one (black) rock to kiss and pray to.
Zimbabwe/Mugabe is a good example of what happens when the Free Shit Army gets everything it wants.
Every man gotta right to decide his own destiny,
And in this judgement there is no partiality.
So arm in arms, with arms, we'll fight this little struggle,
'Cause that's the only way we can overcome our little trouble.
No more internal power struggle;
To divide and rule could only tear us apart;We come together to overcome the little trouble.
Soon we'll find out who is the real revolutionary,
'Cause I don't want my people to be contrary.
In everyman chest, there beats a heart.
So soon we'll find out who is the real revolutionaries;
And I don't want my people to be tricked by mercenaries.
Under sane Chinese leadership, will Zimbabwe return to its former glory of Rhodesia and its role as the bread basket of Africa?
Mugabe and his black good-squads wrecked all that.
I think China wants what all Empires want . Valuable resources for their consumption. They will throw the natives the scraps and let them fight over them. Or, they just really want to help to poor Africans who have been exploited by the White man
"Or, they just really want to help to poor Africans who have been exploited by the White man"
Now THAT'S funny.
Rhodesia just called, they want their ridge back.
I think China just bought what real estate agents call " a fixer upper"
I think they just bought a money pit. The net outcome of this maneuver is that China is about to give a bunch of free stuff to Zimbabwe, which is generously disposed to sign anything so long as the free stuff arrives.
And, when the free stuff stops arriving, it will be time for war against the new off-white oppressors.
I'm pretty sure that China can spare the troops to win that fight.
I'm pretty sure they've budgeted and planned for the day when they eventually have to exterminate most of the current inhabitants.
Zimbabwe is going to discover what happens when you let the vampire in.
Mugabe is a cunt.
jesuit educated as was castro and a few other tyrants
Funny how nature do that.
Is he bad? I thought he was practicing Population Control.
That can't be all bad, can it? Should we encourage his people to hop onto the Refugee Train to the EU and USSA? You must be into that "love thy neighbor" stuff.
China will metastasize. Taking failed countries and making them in their own image. China takes a financial/diplomatic approach; the west chooses covert manipulation/protectorate operations/regime change, mostly influenced by lobbyist and carried out by the gov. All remnants of the ways of the British Empire, we can't help ourselves, it is systemic.
China has a 3,000-year-old tradition of racial supremacy. They call themselves the "Middle Kingdom" because they believe they stand between heaven and the rest of humanity.
Interesting, the inability of African nations to govern themselves and the same here in the U.S. for every major metropolitan area either governed by 'African-hyphen-Americans', or largely populated by them. 'Racism', or Fact...?
fact-
Beam me up.
Couldn't give a f..k. My policy is "What happens in Africa, stays in Africa."
Let Darwinism and Time sort things out. They'll do a much better job than we would, or could. Time to keep hubris and hands in the pants.
"What happens in Africa, stays in Africa."
Jesus, if only.
'Racism', or Fact...?
Maybe this info will help clear things up . . .
Of all of the firearm deaths attributed to whites about 17% were murders, the vast majority of death by firearms attributed to whites were suicides. Of all firearm deaths attributed to blacks 83% were classified as murders and most of those were "black on black" crimes. Maybe this has something to do with why blacks appear to be "over represented" in the USA's prison population - and this has NOTHING to do with racism as many liberals would have everyone believe.
yellow mans burden---the new normal---good luck with that shucking and jiving and promanading blackness and PC demands ----soon to be replaced by reparations for the "new history" of yellow mans centuries of oppression and slavery of the "po black dumb asses".
Its either that or genocide, which ever is best for the party----lmao----
The Chinese Puerto Rico
Has Zimbabwe had Ebola yet? Those people have been through hell and back, I hope it works out for them. You know things are bad when the organ harvesters are the nice guys.
Ting tou wing wang wow........................................
How Mugabe has stayed alive up in this point is beyond me. I guess Langley deems Zimbabwe as unimportant.
Langley's bosses overseas deem Zimbabwe unimportant to them.
Indeed, a very brilliant move by the Chinese, while the US has been destroying African countries (Libya) and bombing Africans via drones the Chinese are quietly taking over Africa by spending billions on infrastructural projects and by sending millions of Chinese to live there.
China's interest in African was purely based on mineral extract and paying them in kind with shitty infrastucture projects that are mostly unneeded and wildly inflated.
Now that commodities are in the tiolet and China itself is having economic dry heaves I wonder how they are looking at it now.
Not sure where a basket case like Zimbabwe adds anything to China's overall posture. Africa in general is a sort of strategic sinkhole. Yes, they have growth now, but there's a limit to that and it's taken for granted they will fuck it up.
http://www.mapsofworld.com/zimbabwe/zimbabwe-mineral-map.html
http://www.zimbabwe.8m.com/zimmin.html
http://geology.com/world/zimbabwe-satellite-image.shtml
http://www.sciencedirect.com/science/article/pii/0361365886901050
Ready to exploit, same as in the 19th century
Any port in a storm.
Clearly a political move by the weak hand that is Mugabe. While Economists are not known for grasping the obvious, switching the Yuan to avoid complications with USD is the most idiotic thing I've heard this week. I wonder what the Shona translation for "Peg" and "Merchantilism" are. I also find it amusing how the Chinese envoy gave a metric of Zimbabwean/China trade in USD in an article about using the Yuan to avoid the dollar. Hillarious!
"Zimbabwe Becomes Beijing's First African Colony With Adoption Of Chinese Yuan"
What a BS title! By the same token, they are also a U.S., E.U. and South African colony as the USD, EUR and ZAR have already been their legal currency for quite a while.
In the other news, Russia's gold reserves just hit 1393 tonnes (13% of all RF's reserves) as of December 1, 2015. Will Zimbabwe accept RUB as their next legal tender and thus become "Putin's colony"?
Glad someone noticed.
Pwned! Good for China. I said years ago the chinks were the only people left who remembered how to colonize.
Considering that SA is about 20 years behind Zim in swirling the bowl, this may be a longer range strategic plan.
"may be"? It most certainly is.
Shouldn't be surprised. Considering this:
http://www.usnews.com/opinion/economic-intelligence/2015/03/24/china-bea...
It does drop this year. Cause mostly it's raw materials miners. And, well... you know how those raw materials priced currently??
But those infrastructures project (brigdes, roadways, electricity plants) are still going in Africa.
- - -
And not just africa. But latin's America.
http://m.asianews.it/index.php?art=33578&l=en
To Venezuela.
http://mobile.reuters.com/article/idUSL1N11801K20150902
To Brasil.
http://www.laht.com/article.asp?ArticleId=346784&CategoryId=13280
- - -
And i still see some of ZH comments ridicule china.
If i tell you NOW, that it's just a matter of time, before China gets its military bases from these latin's American countries. Let me guess... you can't believe that??
Ah...hahahahaha.. you'll see.. ;-)
BTW, you DO know China got its military base in Djibouti, right??
http://nationalinterest.org/blog/the-buzz/china-setting-its-first-milita...
Ahahahahahahaha...
S'okay kabluie, do not confuse experience with intelligence.
Lets see what happens if they try stealing land from chinese farmers and business owners. Good luck with that. Mugabe just changed occupations, he's now a slave trader.
Another jingoistic nonsense from ZH. China will provide protection from American colonization. When the USA gets into a country, the majority suffers. When the Chinese are allowed in, everyone benefits. The standard of living and quality of life for all Zimbabwans are now ready for a takeoff--unless the USA finds a way of kicking the Chinese out, and they surely will try.
And here is another ZH nonsense: "The world's most populous nation is the country's biggest trading partner following Zimbabwe's isolation by its former Western trading partners over Harare's human rights record." Since the writer of these lines is very intelligent and well-informed, he must be compromised. Since when human rights records dictate America's foreign policy? The USA, for instance, toppled Allende of Chile, and placed in his stead a monster who proceeded to make a joke of human rights. And who is behind the head-chopping Wahhabis of Saudi Arabia and Daesh? Who is Israel's best friend?
It's always like that when you take advertising--he who pays the piper calls the tune.
S'okay David the rockies know how to knock with out you hearing it.
When the Chinese are allowed in, everyone benefits.
Are you fucking serious?? What planet are you from anyway? With China the "everyone" that benefits have some connection to the Party or the financial Oligarchy. Ask all those factory workers in China how they are benefiting from working 12 hours a day at $1.50/hour and have to take their bosses hostage to get any positive changes made to their working conditions.
Colonization is alive and well across the world.
The Chinese will learn the lesson of all African colonizers: Africans will eventually wreck and destroy everything.
So they just have to get rid of the problem, before it becomes a problem.
Obviously the Chinese are not familiar with the story of the tar baby.
In summary:
1) African Negros claim to have lived in a utopian culture free of the evil White European Colonialists.
2) Utopian culture was hijacked by evil Whitey whom "stole" the African resoures the African Negros knew nothing about developing. The evil Whites made them work hard at developing those resoures, and standard of living increased and population increased. "It's all good."
but wait...
3) Marxist ideology convinced the African Negro he was being exploited and he should kill Whitey and take back his land and resources.
4)After years of African Negro independence, and Whitey having been killed off or chased out, the standard of living decreased and population suffered.
Now we see...
SURPRISE of all surprises. The African Negro is asking outsiders for help to rebuild their broken nation. They've already asked the White farmers to return, but few did return; perhaps, they remembered the prior White farmers being "necklaced", or burnt alive, just for being a successful White farmer and nothing more than primal hatred and jealousy of those that are better than you at something. Now they are asking the Chinese to help sustain and maybe even advance the forever struggling African Negro nation, who just can't seem to bear the burden of independence, once again.
So is this admitted defeat for the indigenous African Negros? Or is there some other EXCUSE they have to explain this rotation in their attitude.
Dunno the answer to your question, but if they mess with the Chinese they could find themselves becoming a full in-your-face colony again.
Mugabe and his goon squads got away with persecuting the whites because of numbers.
some complain Yuan can't become reserve currency because China has insufficent bond market to compel investors to adopt it's currency. given how much the world owes China and that most of world production is there already maybe Beijing can push the idea after all by forcing bankrupt debtors to join the plan.
Time to bomb the terrorists in Zimbabwe in 2016?
please no more low IQ negro refugees for europe
I hear Detroit is in negotiations with China. Illinois may join them.
The West had Africa, the Capitalists gave it away for a quick buck.
Cooked the Goose. (Goosed the cook?)
Rhodesian Ridgeback is now on the Menu.
Get ready to be displaced, Zimbabweans. China will take full advantage of your inability to rule yourselves. And if you think you'll just take their farmland away like you did the Caucasian folk... China owns you now.
www.wartornnations.net
<-- western financial aggression
this is the cause of Zimbabwe's problem
becuz they stand (rightly) against the western(readWhite) hegemoney ,
We all stand with you Zimbabwe ,
welcome
your move is right
West has only looted Africa diamonds & gold
then sold them arms to destroy each other
When they become poor then they send them
USAID oil & wheat , doctors etc. in order that
they get nobel prizes from the problems they created
-----------
Its time African nations to wake up
and throw out these westens out
Kick them on their behinds and tell them never to come back
Eastern nations , China et al have every thing you need
plus a kind heart which beats for poor becuz they themselves were poor